German Tapia
From California, Investing out of State, Where do I register my LLC?
4 November 2024 | 12 replies
Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.
Account Closed
WI Lease void due to clause violating Wis. Stats 704.44
24 October 2024 | 18 replies
Some landlords may inadvertently incorporate or omit these terms into their leases when using forms obtained online or from out-of-state sources.New WI Court of Appeals Ruling The Wisconsin Court of Appeals ruled in April 2024 that when a lease contains an illegal provision that renders it void, the landlord can be ordered to pay back all the rent the tenant has paid under the voided lease.
Chris Berry
Section 8 tenant thoughts
24 October 2024 | 33 replies
If you like extra annual inspections where you are forced to do unnecessary repairs/improvements then section 8 is great.If you don't mind having your carefully crafted landlord friendly lease rendered worthless from the HAP addendum then section 8 is fine.If you don't mind your rent payments being paid at the whim of the government then section 8 is great.
Trevor Hummel
Difficulty with a Cell Tower Lease Agreement for Self-Storage Property
15 October 2024 | 1 reply
An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.
Dennis Smith
Question about values after a natural disaster
11 October 2024 | 12 replies
Due to a reduction in supply (properties destroyed or rendered unlivable) and an increase in demand (from those displaced by having their properties destroyed or rendered unlivable), home prices and especially rents actually tend to go up immediately after natural disasters.
Max Bellino
Anderson Business Advisers Asset Protection
15 October 2024 | 26 replies
Texas Franchise Fees, Texas County Render Taxes).Good Luck!
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
Getting senile, mentally disabled person sign a contract they can't comprehend renders the said contract void and null in the eyes of the law.
John Chapman
Forming an LLC for multiple properties
27 September 2024 | 2 replies
But, in the event you really are persuaded that it is important to separate each asset, ensure that whoever is managing the books/monies on the LLCs are doing it 100% correctly as even a small mistake can allow would-be litigants to pierce the corporate veil and render all of it in vein anyway.
Carol Bahou
self directed IRA to invest in real estate
30 September 2024 | 21 replies
Doing this would likely render your SDIRA invalid and could cause all kinds of trouble like taxation/penalties etc.
Mike Wells
Best Rental Software for Landlord with less than 10 properties Zilloe? Doorloop?
27 September 2024 | 10 replies
Since I list some of my (very few - I only have 3 residential units and my commercial ones are all managed by others) units every 2-3 years, I forget how to do it, and even standard operating procedures change a lot at that frequency, rendering them much less useful.